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ICF International ICFI Q2 2026 earnings

Reported August 6, 2026 · After market close

Revenue$474.5MMiss by $3.8M
EPS$1.86Beat by $0.21
Revenue estimate$478.3M
EPS estimate$1.65
Second quarter business trends in our markets were in line with our expectations and continued to reflect the benefits of our integrated business model. Revenues from commercial clients increased 5.9% year-on-year, federal government client revenues continued to improve on a sequential basis driven by technology modernization, and revenues from international government clients climbed by 35%. This enabled us to report total second quarter 2026 revenues that were similar to prior-year levels, in advance of our return to year-on-year growth for 2026 with positive quarterly comparisons beginning in this year's third quarter. 1
John Wasson

Next report

Oct 29, 2026 (in a month)
Revenue estimate$490.8M
EPS estimate$1.89

Financials

Q2 2026

Income statement

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Revenue$474.5M-0.3%
Gross profit$176.6M-0.6%
Operating income$39.9M-0.3%
Net income$26.9M+13.9%
EPS (diluted)$1.49+16.4%

Balance sheet

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Cash & equivalents$4.6M-33.8%
Total debt$564.8M-12.7%
Total equity$1.0B+5.0%
Total assets$2.1B+1.2%

Cash flow

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Operating cash flow$99.7M+91.9%
CapEx$5.7M-1.1%
Free cash flow$94.0M+103%

Valuation & ratios

Valuation

as of 09/16/26
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Market cap$1.59B-14.1%
Enterprise value$2.15B-13.7%
P/E18×+0.8×
P/S0.9×-0.1×

Profitability

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Gross margin37.2%0.0pp
Operating margin7.8%-0.4pp
Net margin4.9%-0.6pp
FCF margin10.9%+4.9pp

Returns & leverage

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Return on equity8.6%-2.5pp
Debt / equity0.5×-0.1×
Current ratio1.4×+0.1×

Segments

By segment

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US Federal Government$184.9M-9.5%
Commercial$166.0M+5.9%
US State And Local Government$84.0M-1.9%
International Government$39.5M+35.1%

By product

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Energy Environment Infrastructure And Disaster Recovery$251.1M+1.0%
Health And Social Programs$158.7M+0.1%
Security And Other Civilian And Commercial$64.7M-6.3%

FAQ

When did ICF International report Q2 2026 earnings?
ICF International (ICFI) reported Q2 2026 earnings on August 6, 2026 after market close.
What were ICF International's Q2 2026 revenue and EPS?
ICF International reported revenue of $474.5M and eps of $1.86 for Q2 2026.
Did ICF International beat estimates in Q2 2026?
Revenue missed the consensus estimate of $478.3M by $3.8M. EPS beat the consensus estimate of $1.65 by $0.21.
How did ICF International's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 0.3% from $476.2M a year earlier and eps grew 12.0% from $1.66.
Where can I find ICF International's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001193125-26-337985) and the 10-Q periodic report (0001193125-26-338422) directly on SEC EDGAR. The filing index links above go to sec.gov.